Utah Form of Indemnity Agreement by Financial Corporation of Santa Barbara

State:
Multi-State
Control #:
US-CC-17-104M
Format:
Word; 
Rich Text
Instant download

Description

17-104M 17-104M . . . Indemnification Agreement authorizing (a) corporation to enter into Indemnity Agreements with each of its directors and officers and directors and officers of its first-tier subsidiaries and (b) establishment of Directors and Officers Indemnity Trust to (i) provide source of funds to secure corporation's obligations under Indemnity Agreements authorized under (a) above to directors and officers of corporation and its first-tier subsidiaries and (ii) advance expenses incurred by them in defense of actions, claims and proceedings against them relating to actions taken in their capacities as directors or officers

The Utah Form of Indemnity Agreement by Financial Corporation of Santa Barbara is a legal contract used to outline the terms and conditions of indemnification provided by the corporation to its directors, officers, employees, and agents. This agreement is specifically designed to protect individuals acting on behalf of the corporation against any liabilities, expenses, losses, or damages they may incur while performing their duties. In Utah, the Financial Corporation of Santa Barbara offers various types of Form of Indemnity Agreements, each serving a specific purpose. These agreements include: 1. Director Indemnity Agreement: This agreement is intended to protect the directors of the corporation from legal expenses, damages, or losses resulting from claims made against them for actions taken in their official capacity. 2. Officer Indemnity Agreement: This agreement extends similar protection to the officers of the corporation, ensuring they are covered for any legal costs or liabilities incurred during the course of their duties. 3. Employee Indemnity Agreement: This type of agreement provides indemnification to employees of the corporation who may face legal claims or financial losses while carrying out their job responsibilities. 4. Agent Indemnity Agreement: Agents of the Financial Corporation of Santa Barbara may also benefit from an indemnity agreement, which safeguards them from legal risks and liabilities arising from their authorized actions on behalf of the corporation. The Utah Form of Indemnity Agreement by Financial Corporation of Santa Barbara is drafted in compliance with the legal requirements of the state. It outlines the obligations and responsibilities of both the corporation and the individuals being indemnified. Key provisions of the agreement often include the corporation's commitment to reimburse or advance funds to cover legal expenses, the conditions under which indemnification may be terminated, and the scope of covered actions and liabilities. By offering these different types of indemnity agreements, the Financial Corporation of Santa Barbara ensures that its directors, officers, employees, and agents can fulfill their duties without the constant fear of personal financial repercussions. The corporation's commitment to indemnification not only provides protection and peace of mind to its representatives but also attracts qualified individuals who are willing to serve in these important roles.

Free preview
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara
  • Preview Form of Indemnity Agreement by Financial Corporation of Santa Barbara

How to fill out Utah Form Of Indemnity Agreement By Financial Corporation Of Santa Barbara?

If you wish to complete, obtain, or print out legal papers web templates, use US Legal Forms, the biggest collection of legal types, that can be found on the Internet. Take advantage of the site`s simple and hassle-free lookup to discover the paperwork you need. Different web templates for company and specific reasons are sorted by categories and claims, or key phrases. Use US Legal Forms to discover the Utah Form of Indemnity Agreement by Financial Corporation of Santa Barbara within a number of click throughs.

In case you are currently a US Legal Forms client, log in in your bank account and click on the Download option to have the Utah Form of Indemnity Agreement by Financial Corporation of Santa Barbara. Also you can gain access to types you earlier downloaded within the My Forms tab of your bank account.

If you work with US Legal Forms for the first time, refer to the instructions beneath:

  • Step 1. Be sure you have chosen the shape for your right metropolis/land.
  • Step 2. Use the Review option to examine the form`s articles. Do not forget to read through the explanation.
  • Step 3. In case you are unhappy together with the type, make use of the Look for area at the top of the screen to find other versions of your legal type web template.
  • Step 4. Once you have identified the shape you need, go through the Get now option. Select the rates strategy you prefer and add your accreditations to sign up on an bank account.
  • Step 5. Approach the financial transaction. You can utilize your charge card or PayPal bank account to accomplish the financial transaction.
  • Step 6. Select the structure of your legal type and obtain it on your device.
  • Step 7. Comprehensive, change and print out or indicator the Utah Form of Indemnity Agreement by Financial Corporation of Santa Barbara.

Every legal papers web template you acquire is the one you have eternally. You have acces to each and every type you downloaded inside your acccount. Click on the My Forms portion and select a type to print out or obtain once more.

Be competitive and obtain, and print out the Utah Form of Indemnity Agreement by Financial Corporation of Santa Barbara with US Legal Forms. There are thousands of specialist and state-particular types you can utilize for the company or specific needs.

Form popularity

FAQ

Indemnity clauses, also known as indemnification clauses, require one party to reimburse the other for recoverable damages from third-party claims. The indemnifying party is demanding payment. The indemnified party is required to pay. This article further defines indemnity clauses.

Some common synonyms of indemnify are compensate, pay, recompense, reimburse, remunerate, repay, and satisfy. While all these words mean "to give money or its equivalent in return for something," indemnify implies making good a loss suffered through accident, disaster, warfare.

Indemnification is a legal agreement by one party to hold another party blameless ? not liable ? for potential losses or damages. It is similar to a liability waiver but is usually more specific, applicable only to particular items, circumstances, or situations, or in regard to a particular contract.

Indemnity Agreement: Although similar to a hold harmless agreement, an indemnity agreement is an arrangement whereby one party agrees to pay the other party for any damages regardless of who is at fault.

The word 'indemnity' finds its roots in the Latin word 'indemnis', which stands for 'unhurt' or 'free from loss'. Hence, indemnities are also referred to as 'hold harmless' agreements.

On this page you'll find 61 synonyms, antonyms, and words related to indemnification, such as: compensation, indemnity, restitution, benefit, counterclaim, and coverage.

What is an indemnity agreement for surety? Generally speaking, the indemnity provision in the agreement grants the surety the broad legal right to recover from the indemnitor whatever it pays on the principal's behalf under the related bonds, as well as those amounts for which it remains liable.

A general agreement of indemnity, or GIA, is a contract between the surety company and the contractor and the other indemnitors. The GIA obligates the named indemnitors to protect the surety company from any loss or expense that the surety sustains as a result of having issued bonds on behalf of the bond principal.

Interesting Questions

More info

Sign in to your account and pay the service with a credit card or PayPal. Download the Salt Lake Form of Indemnity Agreement by Financial Corporation of Santa ... Be sure the form meets all the necessary state requirements. If available preview it and read the description before buying it. Click Buy Now. Select the ...Add the Form of Indemnity Agreement by Financial Corporation of Santa Barbara for redacting. Click the New Document button above, then drag and drop the ... This Agreement is entered into pursuant to Santa Barbara County Land Use and Development Code Section 35.80.030.A.1,. Montecito Land Use and Development Code ... O'Grady and Reece will enter into the Company's standard form of director indemnity agreement (the “Indemnity Agreement”). In addition to the indemnification ... Jul 16, 2007 — THE UNDERSIGNED HEREBY AGREES TO INDEMNIFY AND HOLD HARMLESS the releasees from all liability, claims, demands, causes of action, charges, ... Jul 21, 2021 — This Settlement Agreement, dated as of July 21, 2021 (the “Agreement”), sets forth the terms of settlement between and among the Settling States ... Apr 30, 2021 — This Designation of Subcontractors form must be completed in compliance with the. State of California Subletting and Subcontracting Fair ... signature to be a complete and unconditional release of all liability to the greatest extent allowed by ... Risk Management, UC Santa Barbara http://www. Jul 21, 2021 — This Settlement Agreement, dated as of July 21, 2021 (the “Agreement”), sets forth the terms of settlement between and among the Settling States ...

Trusted and secure by over 3 million people of the world’s leading companies

Utah Form of Indemnity Agreement by Financial Corporation of Santa Barbara